LA QUINTA  San Diego professional golfer Phil Mickelson said after the final round of the PGA Tours Humana Challenge on Sunday that he will have to make drastic changes in his life because of the federal and state taxes he is paying, and he confirmed that his decision to not buy an interest in the Padres was directly related to his financial situation.

"I'll probably talk more in depth next week (at the Farmers Insurance Open at Torrey Pines). I'm not going to jump the gun, Mickelson said. There are going to be some drastic changes. I happen to be in the (tax) zone that is targeted both federally and by the state, and it doesnt work for me right now.

Mickelson, 42, was responding to a question about why, in a conference call last Monday, he referred to whats gone on the last couple of months, politically, when talking about the semi-retirement of fellow tour pro Steve Stricker.

I think were all going to have to find things that work for us, Mickelson said on the call. "I think we're all going to have our own kind of way of handling things, handling time in our career, handling what's gone on the last couple of months politically. I think we're all going to have to find things that work for us."

Asked if there was a correlation between his views and his withdrawal from interest in the Padres, Mickelson said, Yeah, absolutely.

Mickelson made it known on Dec. 18 that he told the Padres he wouldnt be part of the ownership group after expressing enthusiasm throughout the summer for his possible inclusion.

“If you add up all of the federal and you look at disibility and unemployment and the social security and the state, my tax rate is 62, 63 percent, Mickelson said Sunday. So I’ve got to make some decisions about what I’m going to do.”

That sound you hear is the sound of tents being folded. Mickelson is not the only one. He saw what happened in November (In CA it was even more devastating that getting socked in the gut with more Obama), and calmly made the decision not to take any more risk at this time. A lot of people are doing that.

4
posted on 01/21/2013 12:29:56 PM PST
by Cyber Liberty
(Obama considers the Third World morally superior to the United States.)

The libs will come out full force against him...”anti obama; anti sharing; anti american (as Obamiacs see it); anti poor; anti social justice; anti anteing up to help his fellow man.” The blood suckers will complain because the blood bank is closed at the Mickelson house.

I envy guys like Mickenson in one way though, he can do it, he can close up shop and say FU. I cannot so in the end, the middle class will get socked for all the tics.

Over the course of 2013, I suspect that dozens of sports figures who reside in California will find reasons to relocate to Vegas or Arizona. For people with small business operations....it wouldn’t surprise me if they decided to keep the business there, but move their house just over to Vegas and camp out two or three days a week in California while staying most at the Vegas house.

Now California is a ‘gem’ on taxes. Let's say he moved before this weekends tournament in San Diego. Assume he just barely makes the cut and earns $1000 dollars. Next say this is the only money he earned in California in the year. Does he get taxed at the rate of earning $1000 dollars on his California taxes, No he gets taxed at the max rate. He must show his total earnings for the year $100 million, add the $1000 then tax the $1000 dollars at the $100 million rate.

Honestly it's not that simple as the State of California believes in the 5 days he is there at the tournament the endorsement money should also be taxed at 5/365 for the money earned in California.

Unfortunately Texas's property tax is amongst the highest offsetting no income tax. here are the best States for lowest taxation once you add all the the various taxes up (not inc Fed.) Source About.com

Alaska at 6.4% of income Nevada at 6.6% of income Wyoming at 7% of income Florida at 7.4% of income New Hampshire at 7.6% of income

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